Luo Yi signed an agreement to acquire 6.11% stake in Hoshine Silicon Industry Co., Ltd (SHSE:603260) from Fortune Industrial Company for CNY 1.6 billion on November 26, 2018. A total of 40.93 million shares will be acquired as part of the deal for CNY 40.15 per share. A third of the transactional price must be paid within 30 days since signing of the respective agreement. Another third will be paid within 6 months since signing of the agreement and the rest of the compensation will be paid within a year since signing of the agreement. In a related transaction, Luo Yedong signed an agreement to acquire 6.11% stake in Hoshine Silicon Industry Co., Ltd (SHSE:603260) from Fortune Industrial Company for CNY 1.6 billion on November 26, 2018.